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20131028
20131105
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tonight on "the kudlow report" at 7:00. on the budget report and deficit, he said sequestration, budget cuts are the base line, there will be no tax increases. if there's a deal to be made to loosen up the sequester, there have to be other budget cuts substituted for that, perhaps some entitlements but nothing else. taxes are off the board no matter what you may hear. i think we have -- >> i would like to think we can come up with better, smarter ways of cutting spending that also are good for the economy. it would show the credit and bond markets and the world that america is getting ahead of its problems. we want to have an agreement to foster these things, common ground on spending cuts, entitlement reforms and focus on pro-growth policy. >> i mean, he loves to have some pro-growth tax reform in there, simon, but in my discussion with him on stage and off stage, he felt the odds of that are very, very low. the debates will be what kind of spends cuts, whether the sequester line will be used or whether they'll loosen up the sequester and have additional cuts, maybe tiny entitlements b
against. they said that it would explode the deficit. and yet all the reputable organizations like the congressional budget office, have told us that it's going to save us $100 billion over ten years. so we've had a litany of objections from the republicans about the affordable care act, which has driven them to such a frenzy they even closed the government. so now we have you before the committee. and you're being asked, i suppose later you'll be asked about the web site. but let me pursue this question about individuals who have gotten notices that they're going to have their individual insurance policies cancelled. they'll be able to get another plan, won't they? >> actually, it's the law that they must get another plan. continuous coverage is part of the law. and that wasn't the case in the past. >> affordable care act said we're going to end the worst abuses of insurance companies, create consumer protection that they'll be able to buy a policy, even if that's been sick in the past that, women won't be charged more than men that, we're not going to let insurance companies deny
that the u.s. budget deficit is smaller, therefore, issuing less debt relative to what they were, can create a situation that you mentioned. and there is a consequence to what the fed is doing. in their econometric models, the effect is on inflation, outputs. what is not is unintended consequences. that's one of the situations we are going to see, i'm more confident of it. there is a flip side to what the fed is doing. there is no free lunch. and whether it's a big fall in the stock market at some point, a big spike in interest rates, then followed by a drop in interest rates because of what you said, are all possibilities, because we've hit such extremes in their policies, therefore, there is going to be possibly an extreme flip side. >> now, under the capital "i" for irony, let's look at something from a different tangent. if i look at the idea that the fed was afraid to taper because of the 100-plus basis point move when they just mentioned it, that tapering will be difficult. but i look at the world, i look at europe, i still see toxic assets out there. i see bad loans in china, infrastr
Search Results 0 to 2 of about 3